Finding Text
Reporting: Criteria: The Company’s 2024 Uniform Guidance submission to the Federal Audit Clearinghouse (“FAC”) was due within nine months of its year end. Condition: The Company’s 2024 Uniform Guidance submission to the FAC was not filed on time within nine months of the end of its fiscal year. Cause: The Company was delayed in reconciling the accounting records. Context: When performing our audit we noted that the 2024 Uniform Guidance submission to the FAC was not filed on a timely basis. Effect: The Company was not in compliance with the requirement to complete the filing required by the Uniform Guidance within nine months of its year end, and therefore, the Company cannot be considered a low-risk auditee next year. Recommendation: We recommend the Entity’s Uniform Guidance submission to the FAC be filed on time within nine months of the end of its fiscal year, as required. Views of the Responsible Official: See attached Corrective Action Plan.